Biglari Holdings (BH) Operating Income (2017 - 2026)

Biglari Holdings' Operating Income history runs 10 years deep, the most recent figure standing at -$41.6 million for Q1 2026.

• In Q1 2026, Operating Income fell 49.86% year-over-year to -$41.6 million; the TTM figure through Mar 2026 stood at -$41.3 million (up 62.41% YoY), while the FY2025 annual figure was $6.2 million, up 105.62% from the prior year.
• Operating Income was -$41.6 million for Q1 2026 at Biglari Holdings, down from -$4.1 million in the prior quarter.
• In the past five years, Operating Income ranged from a high of $94.8 million in Q4 2022 to a low of -$41.6 million in Q1 2026.
• Historically, Operating Income has averaged -$7.9 million across 5 years, with a median of -$16.5 million in 2023.
• The sharpest annual moves came in 2022 and 2024: Operating Income surged 774.23% in 2022, then plunged 3909.26% in 2024.
• A 5-year view of Operating Income shows it stood at $94.8 million in 2022, then plunged by 100.84% to -$799000.0 in 2023, then slumped by 3909.26% to -$32.0 million in 2024, then jumped by 87.15% to -$4.1 million in 2025, then slumped by 910.84% to -$41.6 million in 2026.
• The last three Operating Income figures came in at -$41.6 million (Q1 2026), -$4.1 million (Q4 2025), and $3.6 million (Q3 2025), per Business Quant data.